Word: debits
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Dates: during 1930-1939
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...March Scribner's contains three Pisces of interesting matter. First there is a plainspoken review of America's present foreign relations, with special reference to the war Debits and Japan. The doctrine that we should forget about out rights in the debit negotiations and think more about our interests is refreshing, and there are many arguments for abandoning the negative policy of isolation which has characterized the last three administrations. This article, "Is There a Crisis in our Foreign Policy?" by A. D. Howden Smith should be appointed to be read in churches, movies, and senate Houses...
...ambitious, damn-the-expense Duce. Greatest achievement of Italians in Eritrea is to have introduced cotton culture in valleys previously thought incapable of growing cotton, then to have built capacious cotton gins at Asmara and Massawa. With cotton sunk like other world commodities, this achievement must remain a debit until world prices rise again...
...Government rolled up its first post-War deficit of $900,000,000?and nothing was done about it. When the Treasury casts up its books June 30, it anticipates a second deficit of some $2,500,000,000?about which also nothing will be done. This two-year debit of $3,400,000,000 is simply lumped in as an increase in the Public Debt while the Government lives on borrowed money. This method of national finance cannot go on. If the Treasury tried to push its borrowings too far, without retrenchments, the world at large might become apprehensive...
...March 16 turnover fairly illustrates the operation. Last month Undersecretary of the Treasury Ogden Livingston Mills summoned his department experts to conference, began going over the Government's financial requirements. On the debit side they listed...